Clearwater International Denmark advises Blue Equity on the divestment of Roll-o-Matic
Having advised Roll-o-Matic on its sale to Blue Equity in 2013, Clearwater International is proud to have advised Blue Equity and the management team, led by Birger Sørensen, CEO and John Buk Jensen, CTO, on the 75% secondary-buyout from Maj Invest Equity in a transaction where management retain a 25% ownership. The deal sees private equity firm Blue Equity successfully exit its investment.
Roll-o-Matic, established in 1967, is an international market leader that develops and produces machines for production of rolled plastic bags and biodegradable plastics. Production and development take place in Denmark, and the products are sold to more than 60 countries.
Since the investment from Blue Equity, Roll-o-Matic has grown significantly and in recent years, achieved double-digit organic growth in both revenue and earnings. The growth can be attributed, among other things, to the development of equipment that is particularly suitable for production of bags made from bioplastic, biodegradable plastic and recyclable plastic, as well as a breakthrough in the North American market.
Roll-o-Matic is well positioned to continue its ambitious international growth plans under the new ownership structure, following this period of sustained success.